If security prices fully reflect all market-related information (such as historical price patterns) but do not fully reflect all other public information, security markets are
A) weak-form efficient
B) semistrong-form efficient.
C) strong-form efficient.
D) B and C
E) none of the above

Question

Quizplus · Accepted Answer

This scenario describes weak-form efficiency, where past prices and patterns are already factored into current security prices but other public information may not be fully reflected. Semistrong-form efficiency (B) would reflect all public information, while strong-form efficiency (C) would reflect all public and private information.

If Security Prices Fully Reflect All Market-Related Information (Such as Historical